MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2022-23

237 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Rupees crores Note No. 2023 2022 [Refer note 44 (B)] I. ASSETS NON-CURRENT ASSETS Property, plant and equipment..................................................................................................................................................................... 4 13,050.12 12,242.92 Capital work-in-progress.................................................................................................................................................................................... 5 950.27 1,624.27 Intangible assets..................................................................................................................................................................................................... 6 3,926.08 2,661.04 Intangible assets under development...................................................................................................................................................... 7 1,834.35 3,638.47 Financial assets (i) Investments................................................................................................................................................................................................... 8 17,539.06 16,302.40 (ii) Loans.................................................................................................................................................................................................................. 9 177.45 385.20 (iii) Other financial assets............................................................................................................................................................................ 10 1,503.29 1,567.20 Income tax assets (net)..................................................................................................................................................................................... 910.60 647.67 Other non-current assets................................................................................................................................................................................. 11 1,244.96 1,311.44 41,136.18 40,380.61 CURRENT ASSETS Inventories................................................................................................................................................................................................................... 12 8,881.35 5,970.39 Financial assets (i) Investments................................................................................................................................................................................................... 8 9,548.01 7,902.06 (ii) Trade receivables....................................................................................................................................................................................... 13 4,041.73 3,038.57 (iii) Cash and cash equivalents................................................................................................................................................................. 14 1,310.11 717.26 (iv) Bank balances other than cash and cash equivalents................................................................................................... 14 3,171.64 2,933.31 (v) Loans.................................................................................................................................................................................................................. 9 2,176.96 1,845.52 (vi) Other financial assets............................................................................................................................................................................ 10 1,321.49 1,128.45 Other current assets............................................................................................................................................................................................ 11 3,499.68 2,639.93 Assets held for sale ............................................................................................................................................................................................ 15 692.66 50.40 34,643.63 26,225.89 TOTAL ASSETS ....................................................................................................................................................................................................... 75,779.81 66,606.50 II. EQUITY AND LIABILITIES EQUITY Equity share capital.............................................................................................................................................................................................. 16 599.05 598.30 Other equity............................................................................................................................................................................................................... 42,757.68 37,599.75 43,356.73 38,198.05 LIABILITIES NON-CURRENT LIABILITIES Financial liabilities (i) Borrowings..................................................................................................................................................................................................... 18 2,331.56 5,681.53 (ii) Lease liabilities............................................................................................................................................................................................ 268.17 163.90 (iii) Other financial liabilities....................................................................................................................................................................... 19 678.36 683.12 Provisions..................................................................................................................................................................................................................... 20 1,207.09 925.15 Deferred tax liabilities (net)............................................................................................................................................................................ 21 1,470.29 1,762.18 Other non-current liabilities............................................................................................................................................................................ 22 427.62 211.85 6,383.09 9,427.73 CURRENT LIABILITIES Financial liabilities (i) Borrowings..................................................................................................................................................................................................... 18 2,312.17 816.24 (ii) Lease liabilities .......................................................................................................................................................................................... 113.62 81.38 (iii) Trade payables (a) Total outstanding dues of Micro Enterprises and Small Enterprises..................................................... 23 206.93 116.32 (b) Total outstanding dues of creditors other than Micro Enterprises and Small Enterprises.... 23 16,938.69 12,853.81 (iv) Other financial liabilities....................................................................................................................................................................... 19 1,622.21 1,396.52 Other current liabilities...................................................................................................................................................................................... 22 3,578.21 2,946.20 Provisions.................................................................................................................................................................................................................... 20 606.83 463.78 Current tax liabilities (net).............................................................................................................................................................................. 476.16 306.47 Liabilities directly associated with assets classified as held for sale............................................................................... 185.17 — 26,039.99 18,980.72 TOTAL EQUITY AND LIABILITIES ............................................................................................................................................................ 75,779.81 66,606.50 The accompanying notes 1 to 46 are an integral part of the Financial Statements Balance Sheet | as at 31 st March, 2023 Directors: Vikram Singh Mehta Vishakha N. Desai T. N. Manoharan Haigreve Khaitan Shikha Sharma Nisaba Godrej Muthiah Murugappan Vijay Kumar Sharma CP Gurnani (DIN - 00041197) (DIN - 05292671) (DIN - 01186248) (DIN - 00005290) (DIN - 00043265) (DIN - 00591503) (DIN - 07858587) (DIN - 02449088) (DIN - 00018234) In terms of our report attached. For B S R & Co. LLP Chartered Accountants Firm’s Registration No : 101248W/W-100022 Venkataramanan Vishwanath Partner Membership No : 113156 Mumbai, 26 th May, 2023 Anand G. Mahindra Chairman (DIN - 00004695) Anish Shah Managing Director and CEO (DIN - 02719429) Rajesh Jejurikar Executive Director and CEO (Auto and Farm Sector) (DIN - 00046823) Manoj Bhat Group Chief Financial Officer Narayan Shankar Company Secretary (ACS No. 8666) Mumbai, 26 th May, 2023 For Mahindra & Mahindra Limited